Another benefit is sorting out the first-come-first-serve mess on
Craigslist. If your seller uses HumBeep then as a buyer you can
lock in your hot craigslist purchase by clicking through and
closing the deal now, and then pick it up later. If the money is
on its way, how can the seller back out? As a buyer you could
click around and make the transaction how you like it, and get the
seller to connect up and make it their own. Then the seller gets
the benefit of knowing who their customer is and not having to sort
through all the no-shows.
Another is, transactions are enforceable. In order to engage in a
Hum Beep transaction, you must have already agreed to certain
simple contracts. These are enforceable agreements; they exist
under the jurisdiction of an actual court of law; the evidence of
the steps of the transaction are admissible in court, and the
outcome is quite predictable given HumBeep's evidence of
commitments and performance, so you can actually more reliably
count on the outcome you plan for when you enter into your
transaction. That's a nice benefit.
Another benefit is, the cost of the transaction is far less than
when you use Visa or MasterCard. The banking services system seems
to charge 2.5% or 2.75% for commercial customers, so if you are
selling something, that puts you down a notch. HumBeep also
charges, but less than 1/5 of that amount.
Another benefit is, no minimum transaction fee. The credit cards
charge a quarter, USD$0.25, which means small transactions are
senseless. Humbeep does pass on the charges from your payment
system, but some of those are very small amounts, so the net net is
a big improvement, especially on small transactions. Why buy
something for a quarter, if it costs a quarter to transfer the
quarter? In Humbeep, buy something for a quarter, and it costs the
25 cents plus less than one eighth of a cent.
...Maybe we'll have to reconsider that....
Another benefit is, once you have money inside the HumBeep world,
you can use it there to do further transactions. You don't have to
do the costly bank transfers in and out once you have some crypto
in your pocket. Okay it's just a few percent, but it does adds up,
especially if you go in and out and in and out repeatedly. Start
accepting payment inside crypto, and making payment inside crypto,
and the crypto-to-dollars costly repetitive churn doesn't eat you
alive.
Thank you for your interest, and please give feedback freely!